Oil Prices Rise Amid Geopolitical Tensions and OPEC Changes
Oil prices rose as concerns over shipping disruptions in the Strait of Hormuz and geopolitical tensions with Iran increased. Brent crude reached $115 per barrel, while WTI climbed above $103 per barrel. The UAE's exit from OPEC added to market volatility.
Topics: Geopolitical Tensions Oil Prices Strait of Hormuz U.S.-Iran Relations UAE and OPEC